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Oracle EBS R12: General Ledger and Receivables Fundamentals Sample Questions:

1. The data access set with the full ledger access set type defines three ledgers/ledger sets: Full ledger access set type
Ledger/ledger set Sets privileges Vision Services read and write Vision Operations read-only Vision Global read-only Which statement is correct?

A) Responsibilities that use this data access set can only view existing data for the Vision Services ledger.
B) Users can only view existing data for the Vision Operations ledger.
C) Responsibilities that use this data access set have full read and write access to the Vision Global ledger.
D) Users have full read and write access to the Vision Operations ledger.

2. Select two correct journal types to be used based on the context provided. (Choose two.)

A) Company B wants to track floor space and other physical attributes. Use statistical journals.
B) Company E wants to track availability of funds against budgets. Use encumbrance journals.
C) Company D wants to track availability of funds against budgets. Use budget journals
D) Company A wants to track floor space and other physical attributes for Mass Allocation. Use encumbrance journals.

3. Which three statements are true about data conversion rules? (Choose three.)

A) Currency conversion rules are required for consolidating primary and secondary ledgers only when their currencies are different.
B) The General Ledger Posting program uses the rules to determine which journals to automatically transfer to the secondary ledger during posting.
C) For calendar conversion, the journal effective date determines the correspondingnonadjusting period in the secondary ledger.
D) Journal conversion rules are applied to select the journals for transfer to the secondary ledger based on journal batches.
E) Chart of account conversion is required if the primary ledger and secondary ledger have the same chart of accounts structure.

4. ABC Corp. is implementing General Ledger, Payables, Receivables, and Cash Management. Identify two points of integration between General Ledger, Payables, Receivables, and Cash Management. (Choose two.)

A) Receivablessends bank reconciliation accounting entries to General Ledger.
B) Receivablessends accrued revenue accounting entries to General Ledger.
C) Payablessends bank reconciliation accounting entries to General Ledger.
D) Cash Management does not send bank reconciliation accounting entries to General Ledger.
E) Cash Management sends bank reconciliation accounting entries to General Ledger.

5. AutoLockbox uses attributes to identify a customer for each AutoLockbox receipt. Which five attributes for AutoLockbox are used to identify the customer? (Choose five.)

A) Customer number
B) Receipt number (which is often the check number)
C) MICR number
D) Transaction number using the auto associate option
E) Balance forward bill number using the auto associate option
F) Sales order number

Solutions: